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Doug Lynchpin sold you an investment contract that pays $1,000 each year for the next 30...

Doug Lynchpin sold you an investment contract that pays $1,000 each year for the next 30 years. If you get a return of 10.45% on this investment, how much will you have in your account in 30 years (approximately)?

a)$217,000

b)$263,371

c)$148,288

d) $179,167

e) $9,084

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Answer #1

​​​​​​Amount you will have in account in 30 years = $179,167

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